Paul Jansen: After The Fall – Oil & Gas Investor
Paul Jansen wrote an article for Oil & Gas Investor titled “After the Fall.”
It has been three years since the steep fall in crude oil prices. More than 100 North American E&Ps have filed for bankruptcy since the fall of 2014. During the past year and a half, prices have stabilized to a degree, and the general consensus concerning commodity price outlook seems to be “lower for longer.”
However, there is a silver lining for some of the restructured companies post-bankruptcy. What changes have these companies made, and how have these changes affected their stock-price performance?
Producers analyzed are Energy XXI Gulf Coast Inc., Goodrich Petroleum Corp., Halcón Resources Corp., Linn Energy Inc., Memorial Production Partners LP (now Amplify Energy Corp.), Midstates Petroleum Co. Inc., Sand-Ridge Energy Inc., Swift Energy Co. (now SilverBow Resources Inc.), Ultra Petroleum Corp. and Vanguard Natural Resources Inc.